It seems the airlines are taking off, at least their shares prices are. Over the past week or so the Airlines Index is up around 6%. What’s the trade?

I’d stay long, says Gary Kaminsky. This trade is not done. Yields are increasing and price increases are sticking.

When should you get out?

If you pick up the newspaper and you see a round of discounting – that’s your signal to sell airlines, says Kaminsky.

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OPTIONS ACTION

Pete Najarian has spotted unusual options action in health care. The volume of January calls in Cigna and Wellpoint suggests to him reform may not be as hurtful to the sector as investors once believed.

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